Professor Lord Mervyn King talks to Kevin Daly

Today, Kevin Daly interviewed Professor Lord Mervyn King.

Lord King served as the Governor of the Bank of England from 2003 to 2013, succeeding Eddie George in that capacity, and oversaw the bank during the financial crisis of 2007–2008 and the Great Recession. Upon his retirement from the Bank in 2013 he was appointed a life peer to the House of Lords. Since September 2014, he has served as a professor of economics and law at New York University’s Stern School.

In this interview, Lord King discusses his recent book “Radical Uncertainty: Decision-making for an unknowable future”, which he has co-authored with the economist John Kay. The book focusses on the issue of decision making in conditions of ‘radical uncertainty’, where we can neither imagine all possible outcomes nor assign probabilities to future events. While the book was completed before the COVID-19 outbreak, it is a subject that has clearly taken on added significance in the midst of the crisis that we now face.